Wednesday, November 9, 2011

SHARE MARKET TREND 11 November

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Indian Share Market on Wednesday started with a positive bias but failed to continue this uptrend and fall sharply on the last trading hour. Sensex noticed a sharp fall after the SBI announced its Q2 result. Nifty also traded flat, hence, the market while closing painted red.

SBI RESULT UPDATES

SBI announced its Q2 results. State bank of India's standalone net profit rose to Rs 2810.43 crore for quarter ended September 2011 against Rs 2501.37 crore in the same period a year ago. But a rise in NPA (Non-performing assets) disappointed investors.

INDIAN SHARE MARKET ON FRIDAY 11 November

Share market trend for Friday 11 November is considered to be choppy and Nifty may behave edgy. Sensex will try to gain its lost momentum on Friday. Global cues may push market up as there is positive news coming from Europe market. Market will be off on 10 November 11 due to Gurunanak Jayanti, Friday 11 November will be last trading day of the week.

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